earnings
confidence high
sentiment positive
materiality 0.85
Allstate Q4 net income $1.9B ($7.07 EPS); revenue $16.5B; combined ratio 86.9; health unit sales $3.25B
ALLSTATE CORP
2024-FY EPS reported
$16.99
revenue$64,106,000,000
- Net income applicable to common shareholders: $1,899M ($7.07 dil. EPS), up 30.1% YoY.
- Adjusted net income: $2,062M ($7.67 per share) vs $1,541M in Q4 2023.
- Property-Liability recorded combined ratio improved 2.6 pts to 86.9; underlying 83.0.
- Agreement to sell Group Health to Nationwide for $1.25B; combined proceeds from two sales $3.25B; expected book gain ~$1.0B in 2025.
- Book value per share $72.35 (+21.8% YoY); full-year adjusted net income ROE of 26.8%.